TIME Global AI Artificial Intelligence Active (456600) 🔎 In-depth

The comparison index is the 'Solactive Global Artificial Intelligence' Index. Created by the German index provider Solactive, it broadly gathers companies worldwide that develop AI technology or generate revenue from AI. A feature is that it includes companies from various regions such as Europe and Asia, not just US companies. This ETF uses the index as its basic framework but, being active, refers to the index composition while holding names the manager judges promising more or less, aiming to beat the index. It uses physical replication, actually buying and holding stocks.

As a plain (non-leveraged, non-inverse, one-times) ETF, when the AI-related stocks it holds rise, this ETF generally rises in the same direction, and when they fall, it falls. Two things are added on top. First, because it is actively managed, performance can diverge from the benchmark index depending on the manager's stock selection. Second, as an 'FX-exposed' product that is not FX-hedged, when the won-dollar (and other currency) rate rises, won-based returns grow, and when it falls, they shrink. Concentrated on the single theme of AI, it tends to have high volatility, rising sharply when AI-investment expectations grow and falling sharply when expectations cool.

This is a 'theme and growth' style ETF for riding broadly on the growth of the AI industry. Its strength is that it diversifies across the whole AI value chain, from chips to cloud and software, without picking individual AI companies one by one. On the other hand, its composition is concentrated in a specific theme, so it fluctuates greatly if sentiment toward AI-related investment wavers, and with high weightings in a few large caps it is heavily swayed by their share prices. Also, being FX-exposed, an unfavorable move in the exchange rate can trim won-based returns even if share prices rise, and active management carries the risk of diverging from the index in exchange for aiming to beat it.

The closing price on July 13, 2026 was ₩65,275, and the NAV (the actual asset value of one ETF share) was ₩67,444, with a daily change of -2.96%. AUM (net assets) was about ₩2.52 trillion, and the market capitalization was about ₩2.51 trillion. In the first half of 2026, amid continued enthusiasm for AI investment, a shift appeared in which the flow, previously centered on a handful of mega-cap tech names, broadened to AI-infrastructure companies such as chipmakers, which aligns with this ETF's compositional character of holding AI companies across multiple stages together.

In a word, it is 'a product in which the manager runs a broad mix of AI-related companies worldwide, from chips to software.' It rises sharply when AI-investment expectations grow and falls sharply when they cool, and when the exchange rate (the dollar and others) rises, won-based returns grow more.